Core sector growth contracted for the fourth straight month in November

Updated : December 31, 2019 06:05 PM IST

The output of refinery products and fertilisers increased by 3.1 percent and 13.6 percent respectively.

The production of coal, crude oil, natural gas, steel, and electricity contracted.

India’s core sector contracted for the fourth straight month in November even as the pace decelerated. The index of eight core sector industries fell 1.5 percent in November, according to official data released on Tuesday.

Five of the eight sectors witnessed negative growth. The eight core sectors had expanded by 3.3 percent in November 2018.

In the month under review, production of coal, crude oil, natural gas, steel, and electricity contracted. The growth rate of cement production dropped to 4.1 percent from 8.8 percent in November 2018.

The output of refinery products and fertilisers increased by 3.1 percent and 13.6 percent respectively in November 2019 over the year-ago month. During the April-November period, core industries recorded flat growth (zero percent) against 5.1 percent in the year-ago period.

It may be noted that since August, the eight core sectors are recording negative growth.

Published : December 31, 2019 06:02 PM IST

Core sector growth contracted for the fourth straight month in November

You May Also Like

In Pics | COVID-19 data highlights for April 13: Total cases up by over 1 lk for 7th straight day; active cases above 12 lakh and more

India crosses 1-lakh mark in daily new COVID-19 cases for 7th straight day

Indian-American frontline healthcare professionals in Green Card backlog hold protest at US Capitol

Trending on CNBC-TV18

recommended for you